Thor Explorations Ltd. (THX) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Thor Explorations Ltd. (THX) has a cash flow conversion efficiency ratio of 0.113x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$46.77 Million ≈ $33.83 Million USD) by net assets (CA$415.08 Million ≈ $300.26 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See net asset quality index of Thor Explorations Ltd. to measure how much of total assets are equity-financed.
Thor Explorations Ltd. - Cash Flow Conversion Efficiency Trend (2001–2025)
This chart illustrates how Thor Explorations Ltd.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Check THX cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Thor Explorations Ltd. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Thor Explorations Ltd. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Hartadinata Abadi Tbk PT
JK:HRTA
|
0.317x |
|
DEE Development Eng Ltd
NSE:DEEDEV
|
0.004x |
|
Tatwah Smartech Co Ltd
SHE:002512
|
0.085x |
|
Jiaxing ZMAX Optech Co. Ltd. A
SHG:688307
|
N/A |
|
Hangzhou Dadi Haiyang Environmental Protection Co. Ltd.
SHE:301068
|
N/A |
|
Matas A/S
CO:MATAS
|
0.111x |
|
Chin-Poon Industrial Co Ltd
TW:2355
|
0.016x |
|
Shanghai Kelai Mechatronics
SHG:603960
|
0.027x |
Annual Cash Flow Conversion Efficiency for Thor Explorations Ltd. (2001–2025)
The table below shows the annual cash flow conversion efficiency of Thor Explorations Ltd. from 2001 to 2025. For the full company profile with market capitalisation and key ratios, see market value of Thor Explorations Ltd..
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | CA$380.01 Million ≈ $274.89 Million |
CA$185.66 Million ≈ $134.31 Million |
0.489x | +59.21% |
| 2024-12-31 | CA$201.25 Million ≈ $145.58 Million |
CA$61.76 Million ≈ $44.68 Million |
0.307x | -43.58% |
| 2023-12-31 | CA$147.94 Million ≈ $107.02 Million |
CA$80.47 Million ≈ $58.21 Million |
0.544x | -44.06% |
| 2022-12-31 | CA$86.78 Million ≈ $62.78 Million |
CA$84.39 Million ≈ $61.05 Million |
0.972x | +426.91% |
| 2021-12-31 | CA$75.17 Million ≈ $54.38 Million |
CA$-22.36 Million ≈ $-16.18 Million |
-0.297x | -183.42% |
| 2020-12-31 | CA$77.91 Million ≈ $56.36 Million |
CA$27.78 Million ≈ $20.10 Million |
0.357x | +822.26% |
| 2019-12-31 | CA$52.58 Million ≈ $38.04 Million |
CA$-2.60 Million ≈ $-1.88 Million |
-0.049x | -30.45% |
| 2018-12-31 | CA$42.83 Million ≈ $30.99 Million |
CA$-1.62 Million ≈ $-1.17 Million |
-0.038x | -21.61% |
| 2017-12-31 | CA$33.10 Million ≈ $23.95 Million |
CA$-1.03 Million ≈ $-745.21K |
-0.031x | +2.08% |
| 2016-12-31 | CA$31.83 Million ≈ $23.03 Million |
CA$-1.01 Million ≈ $-731.81K |
-0.032x | -41.93% |
| 2015-12-31 | CA$13.56 Million ≈ $9.81 Million |
CA$-303.55K ≈ $-219.58K |
-0.022x | +37.67% |
| 2014-12-31 | CA$12.53 Million ≈ $9.06 Million |
CA$-450.10K ≈ $-325.60K |
-0.036x | +42.82% |
| 2013-12-31 | CA$12.42 Million ≈ $8.98 Million |
CA$-780.12K ≈ $-564.32K |
-0.063x | +43.20% |
| 2012-12-31 | CA$10.00 Million ≈ $7.23 Million |
CA$-1.11 Million ≈ $-799.89K |
-0.111x | -19.65% |
| 2011-12-31 | CA$5.68 Million ≈ $4.11 Million |
CA$-524.73K ≈ $-379.58K |
-0.092x | -226.02% |
| 2010-12-31 | CA$2.90 Million ≈ $2.10 Million |
CA$-82.23K ≈ $-59.48K |
-0.028x | +61.10% |
| 2009-12-31 | CA$2.98 Million ≈ $2.15 Million |
CA$-216.88K ≈ $-156.89K |
-0.073x | +42.87% |
| 2008-12-31 | CA$1.74 Million ≈ $1.26 Million |
CA$-221.53K ≈ $-160.25K |
-0.128x | -132.77% |
| 2007-12-31 | CA$2.03 Million ≈ $1.47 Million |
CA$-111.44K ≈ $-80.61K |
-0.055x | +83.55% |
| 2006-12-31 | CA$280.21K ≈ $202.70K |
CA$-93.35K ≈ $-67.53K |
-0.333x | +23.84% |
| 2005-12-31 | CA$99.02K ≈ $71.63K |
CA$-43.31K ≈ $-31.33K |
-0.437x | +34.47% |
| 2004-12-31 | CA$166.09K ≈ $120.15K |
CA$-110.87K ≈ $-80.20K |
-0.667x | +33.81% |
| 2003-12-31 | CA$32.46K ≈ $23.48K |
CA$-32.74K ≈ $-23.68K |
-1.008x | -66.00% |
| 2002-12-31 | CA$99.30K ≈ $71.83K |
CA$-60.32K ≈ $-43.63K |
-0.607x | -98.55% |
| 2001-12-31 | CA$155.12K ≈ $112.21K |
CA$-47.46K ≈ $-34.33K |
-0.306x | -- |
About Thor Explorations Ltd.
Thor Explorations Ltd., together with its subsidiaries, engages in the production, development, and exploration of gold. The company also explores for silver and lithium deposits. Its flagship property is the Segilola Gold Project in Nigeria. Thor Explorations Ltd. was incorporated in 1968 and is based in Vancouver, Canada.